Ukraine can replace Russia on the Turkish market of sunflower oil - APK-Inform

To date, Ukraine is the global leader in the production and exports of sunflower oil. So, in the first half of 2016/17 MY (September-February) Ukraine supplied 2.7 mln tonnes of the product on foreign markets,  declared  the oilseed market analyst at APK-Inform Agency, Elena Karasyk during her report "Markets of oilseeds and by-products: records & prospects" at the Oilseed, Oil and Fat Conference in Moscow on April 3.

At the same time, the expert stressed that in the reporting period Turkey received 70 thsd tonnes of Ukrainian sunflower oil, or 3% only of the general export volumes. As the main competitor of Ukraine on the sunflower oil market of the Middle East and North Africa region, in September-February period Russia exported 330 thsd tonnes of the product to Turkey.

But in terms of rather long-lived effect of the current Turkish import duties on several Russian agricultural goods, including sunflower oil, Ukraine will manage to replace Russia as the main supplier of the reporting product, and increasing its share on the Turkish market, said E.Karasyk.